With a great interest in urban regeneration, it has been a critical issue for urban revitalization since 1980s in western countries. From the early of 1930's or 1940's after the World I, most of the nations such as UK and America had began to initiate...
With a great interest in urban regeneration, it has been a critical issue for urban revitalization since 1980s in western countries. From the early of 1930's or 1940's after the World I, most of the nations such as UK and America had began to initiate urban renewal projects on the purpose of community development through the high density in the inner city for the major cities.
Recently, the urban regeneration has made various impacts on urban development by social and economic as well as environmental and physical regeneration. Consequently, it has resulted in an holistic approach toward urban rehabilitation projects in more recent times.
There is no exception in Japan and Korea. With the Special Act of 2003 for Urban Renaissance in Japan, it has been recently implemented as national projects and become more popular in urban redevelopment. More recently in Korea, it has been a critical and challenging revitalization policy and applicable techniques. It is expected that the urban regeneration policies and techniques will be more robust policy-implementing tools for urban revitalization.
Also, many studies on the regeneration have been examined in traditional cities, recently suffered from economic declination, deteriorated and blighted urban environment, and population decrease. However, most have paid much attention to physical and environmental regeneration. Only a few studies on its economic and cultural impacts have been explored for the declining cities and deteriorated areas.
Therefore, the study aims to develope an application technique of urban regeneration At same time, this study suggests some implications to identify various impacts such as cultural, social, and institutional impacts to be estimated for the future urban regeneration. through the analysis of economic impacts on various sectors.
For this study, using the input-output analysis, economic impacts of urban regeneration were analysed in Gyeongnam Province in Korea. Compared with other results of analyses for large scale projects, it was proved that it had made large effects on various industries.
As the results of the analysis, about 100 trillion won of production induced effects and 127 trillion won of value-added effects with new creation of 610 thousands of employees, supposed the amount of 50 trillion Won of investment for the next 5 years.
In additions, Gyeongnam Province has been supposing the amount of 3.3 trillion Won of investment for the next 5 years, about 4.9 trillion Won of production induced effects and 600 billion Won of value- added effects with new creation of 32 thousands of employees.
As a result of the effects of urban regeneration in general, the pre-study and post-analyses of economic impacts are required as a part of the whole impacts of urban regeneration. Also, the economic impacts on all sectors should be applied to urban policies and techniques.
In summary, more holistic approaches toward urban regeneration policies and techniques should be developed by exploring in-depth economic impacts. Also, more robust tools for implementation of policies and techniques based on cultural and social regeneration as well as physical and environmental regeneration are required for urban revitalization and rehabilitation for the future.